Dalradian Resources, Inc. DRLDF

RE:RE:RE:RE:End of Month - October

[R_J_]

On Nov 5, gold closed at $1097.90
On Nov 6, gold closed at $1098.80
Except for Nov 5 & 6, gold has closed above $1100.00
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So the post was made on after market close on Nov 6, technically it was after midnight Nov 7.
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I was extremely euphoric as the value of that February 2015 gold put, strike price $1100, was up several thousand dollars. The put controls 100 oz of gold.
A $10 price change = $1000.
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Actually, it was purchased as insurance on my gold stocks in case the price of gold drops.
The drop in the price of gold is an interesting phenomena to theorize.
What is the meaning of this deflation?
Actually, the drop in stuff like the price of gasoline is not totally without worry.
Like the tide going out 10 feet, It may be an ominous warning sign.
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However, this deflation phenomena is a short term thing [IMHO].
Will it last as long as 3-6 months?
Then things may get back to normal with a vengeance.
The tide going out will offer remarkable bottom feeder opportunities.
Hopefully, I can sell my put Feb put - actually due on January 27 - for a bungle, and buy some bargains.
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In general, we should simply ride this out.
It will all turn out like roses for us gold bugs in the end.
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RJ